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increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney i'm not going away. tell me. >> certainly was a little different. he came in to toub this weekend for the alfalfa dinner. we hadn't seen a lot from mitt romney since he lost in november. he to told donors that it was purposeful. he is not going anywhere. he will be active in 2013 and 2014s and in terms of 2016. although some sources said his personal ambition for public office are over. >> good to see you both today. thank you so much. >> thank you, t.j. >>> to the weather, the midwest is facing an ice threat. winter storm is dropping snow and freezing rain expected to bring icy conditions. power outages and travel delays
the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt ceiling for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at home is gaining traction with people. are they world leadership weary? is the american ho
, chris. we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this across the board budget ax. we're going to come back, we're going to rethink this and we're going to try to get those savings in a more -- in a smarter way. and that hope as it were is pretty much shot now when you talk to the republicans and democrats in the congress. republicans believe many of the deficit hawks out there believe this is the best chance they have for cutting spending. it's going to become law on march 1st. it's already on the way to taking effect. and democrats are happy to replace some of those cuts, particularly in the military side, but they want to do it with tax inc
Search Results 0 to 4 of about 5 (some duplicates have been removed)